JBS Archives - Page 14 of 19

U.S. livestock: Cattle settle mostly lower on technical selling

By Michael Hirtzer, GFM Network News June 20, 2017

Chicago | Reuters — U.S. live cattle and feeder cattle futures were mostly lower in a technical selloff on Tuesday, with each declining to the lowest levels in about two months before trimming losses. Broad selling in many commodities, led by crude oil, further weighed on cattle at the Chicago Mercantile Exchange. “We had a […] Read more

Beef Cattle, Livestock, Reuters

JBS aims to shed Alberta feedlot in divestment plan

By Michael Hirtzer, GFM Network News June 20, 2017

Sao Paulo/Chicago | Reuters — Brazilian meatpacker JBS SA revealed a major divestment plan Tuesday, putting its Alberta cattle feeding assets and others on the block to cut debt after a corruption scandal raised concerns about its financing costs. JBS, whose controlling shareholder recently agreed to pay a massive leniency fine after becoming embroiled in […] Read more

Beef Cattle, Livestock, Reuters

Abu Dhabi fund not eyeing bid for JBS, source says

By GFM Network News June 16, 2017

Abu Dhabi/Sao Paulo | Reuters — Shares of JBS SA erased gains on Friday after a source denied that Abu Dhabi sovereign wealth fund Mubadala Development Co. PJSC was arranging partners to make a bid for control of the world’s largest meatpacker. A person with direct knowledge of Mubadala’s strategy told Reuters that, despite a […] Read more

Livestock, Reuters

Brazil federal police raid JBS on insider trade probe

By GFM Network News June 9, 2017

Sao Paulo | Reuters — Brazil’s federal police on Friday raided the offices of JBS SA to investigate the alleged use of insider information in financial market dealings, pushing shares in the embattled meatpacker to a two-week low. Police said there were indications that JBS and controlling shareholder FB Participacoes SA gained an unfair advantage […] Read more

Livestock, Poultry/Eggs, Reuters

JBS says Pilgrim’s Pride stake not for sale

By GFM Network News June 7, 2017

Chicago | Reuters — Brazilian meat packer JBS SA’s core U.S. assets, including its majority stake in Pilgrim’s Pride Corp., are not for sale, the company said on Wednesday, a day after announcing a deal to sell Argentine operations. U.S. chicken company Pilgrim’s Pride is critical to JBS’ long-term strategy of pursuing business opportunities that […] Read more

Livestock, Markets, Reuters

U.S. livestock: Cattle tumble in technical selloff after contract highs

By Michael Hirtzer, GFM Network News June 6, 2017

Chicago | Reuters — U.S. live cattle futures fell more than one per cent on Tuesday, reversing from earlier life-of-contract highs on pressure from investment fund and technical selling, traders and analysts said. Feeder cattle futures declined by their daily price limit of 4.5 cents/lb. while lean hog futures were mostly one per cent higher […] Read more

Livestock, Reuters

JBS sells LatAm units to Minerva

By GFM Network News June 6, 2017

Sao Paulo | Reuters — JBS SA has agreed to sell plants in Argentina, Paraguay and Uruguay to rival Minerva SA for US$300 million, as the world’s largest meatpacker seeks cash to weather a corruption scandal that caused a spike in funding costs. JBS will use proceeds from the transaction to cut debt, according to […] Read more

Beef Cattle, Livestock, Reuters

JBS parent to pay record fine in leniency deal

By GFM Network News May 31, 2017

Brasilia/Sao Paulo | Reuters — J+F Investimentos, controlling shareholder of the globe’s largest meatpacker JBS SA, agreed to pay a record-setting 10.3 billion real (C$4.3 billion) fine for its role in corruption scandals that threaten to oust President Michel Temer, Brazilian prosecutors said. The settlement means that Brazil’s three-year sweeping graft investigations have now led […] Read more

Livestock, Reuters

JBS scandal might reduce Brazil meat supplies, industry group says

By GFM Network News May 27, 2017

Sao Paulo/Cuiaba | Reuters — An unfolding corruption scandal involving meatpacker JBS SA may reduce meat supply in Brazil, potentially benefiting rivals of the world’s largest beef exporter, industry group Abrafrigo said. Since the scandal broke, JBS and ranchers have been at odds, with the company deciding to stop buying cattle for cash and producers […] Read more

Beef Cattle, Livestock, Reuters

JBS shares soar as speculation mounts over crisis fallout

By GFM Network News May 25, 2017

Cuiaba, Brazil | Reuters — Shares in JBS SA , the world’s largest meatpacker, spiked on Thursday as speculation mounted over its strategy for weathering the fallout from a corruption scandal centered on its owners. The stock closed 23 per cent higher, approaching levels last seen before the graft scandal rattled Brazil a week ago […] Read more

U.S. grains: Soy futures set six-week low as China buys Argentine cargoes, snubs U.S.

U.S. livestock: Hogs rally ahead of USDA report

Canadian Barley Research Coalition pledges $1.8 million to USask Crop Development Centre

GFM Network News

U.S. grains: Soy futures set six-week low as China buys Argentine cargoes, snubs U.S.

U.S. livestock: Hogs rally ahead of USDA report

Canadian Barley Research Coalition pledges $1.8 million to USask Crop Development Centre

Tag Archives JBS

U.S. livestock: Cattle settle mostly lower on technical selling

JBS aims to shed Alberta feedlot in divestment plan

Abu Dhabi fund not eyeing bid for JBS, source says

Brazil federal police raid JBS on insider trade probe

JBS says Pilgrim’s Pride stake not for sale

U.S. livestock: Cattle tumble in technical selloff after contract highs

JBS sells LatAm units to Minerva

JBS parent to pay record fine in leniency deal

JBS scandal might reduce Brazil meat supplies, industry group says

JBS shares soar as speculation mounts over crisis fallout

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